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<br /> S. !!�M nr Pr+npa�ty Inwrancs. Borrower dull �oep�ha improvementx naw exi �hereafter erected an the
<br /> Property inwrcd�Qainrt lo�s by flrc. h�zards includad wi�hin the tcrn� "eatended coverago" Any other hwzards. includla�
<br /> 8aod�o�8aodin�. for which L,ender roquire:ln�wrmse. Thie iosurar�oc stwll bc maintainod ln the amountc and for tLe perlada
<br /> � thu Lender roquirca.The inwronc�e cHrrler praviding Ihc ir.wrance al�all be chasen by Borrower subjcct to Lender'�approvW
<br /> which shWl not be unre�onably wllhheld. If Bonower foils to maintuin coveragt describad above. Letrler may, At L,ender'a
<br /> optioa,obtafn rnverAge to proteat l.endcr's�ghis in the Propeny in s�cconiance with paragrnph 7.
<br /> All in�erance policies wx!rcnewd� etihall bo Acceptable to Lendcr and shall include A standArd mortgege clruse. Lendcr
<br /> _ ��-----�-�-------�-�• ahall have the r3ght to hold the palicles and renewals. !f L.endcr rcqulres,Borrowcr i:hull promptly give to[.ender all recelpu,of -
<br /> paid prcmlums and renewal notices.in 1he event of loss,Borrowor shall Qive prompt notice tu the insur�nce carrier and l.ender. -
<br /> Lender may make proof of loss if not mode promptly by Bc�rmwer.
<br /> Unless L,ender and Borrower otherwise agroe in writing. insu�proceeds shall be appliai to trstomtion or repair of tAe
<br /> Property damagal,if the restoration or��epsiir ls economically feusible and L,endnr's secu�ity ia not lessened.If the restoratbn or
<br /> � _ repAir is not economieally feasible or Lender's security would bc lessen�xi,the In�R�rnnce prcxeeds shall be applied ro the sums
<br /> — secured by Ihis Security Instcument, whether or not then duc, with any excess paid to Borrawer. lf Borrawer abandana the
<br /> Property. or does not answor within 30 days a natice hom Lender thAt the insurance carrier has affered to setUe a claim. then
<br /> l.ender may collect the insumnce proceeds. L.ender may use the praceeds ta repair or resrore the Property or to pay sums
<br /> cocured by this Secucity Instrument.whether or not then due.The 30-dny periad will begin when the notice is given.
<br /> Untess I,endcr and Borrpwer othenvise agrce in writing. any application of procceds to principal sh�ll not extend or
<br /> postpone the due date of the monthly payments refernd to i� paragrephs 1 and 2 or change the amount of the payments. If
<br /> -= under pars�graph 21 the Property is acquired by L.ender,Borrower's right to any insuronce policies and proceeds tesulting from
<br /> damage to 1he Properry prior ta the acquisition shall pess to l.ender w the eatent of the suma secur+ed by thia Securlty Instrument
<br /> -`s immodiately prior to the acquisidon.
<br /> 6•Occup�ncy,Pr�ervation, MwiMeruince t�nd Protection ot the Property;Borrower's l.oan Applia�tbni I.eascholds.
<br /> Borrower shell occupy,eslablish,and use the Property as Harrower's pdncipal residence wlthin sixty days after the execution of
<br /> � this Security Inatrument and shall continue to occupy the Property as Borrawer's principal residence for at least one year after
<br /> •,, tha dato of cecupancy, unless I.ender otherwise agrees in writing,which wnsent shall not be unre,asonably withheld, oc unless
<br /> ' extenueting circumstances exist which are beyond Borrawer's control. Borrower shull nat desiroy, damage or impair the
<br /> Property. allow the Propeny to deteriorate.ar commil waste on the Property. Borrower shall be in default if any forfeitur�c
<br /> acGon or praceediog.whether civil or criminal, is begun that in I.ender's gc+od feith judgment rnuld result in forfeiture of the
<br />`_ Property or otherwise materially impair the licn created by this Security Instrument or l.ender's security interest. Borrawer may
<br /> ' cure such a detault aad reinstete,as provided in patagtaph 18, by cuusing the action or proceeding to t�e dismissed wlth a ruling
<br /> " ,,•, ihai, io i.c��iCr'n g�wii faith determination, preciudes forFeiture of the I3�rrower's interest in the Praperty or other material
<br /> f ti:Y� ;�G<�� impairnient of the lien created by this Secur�ty [nstrument or Lender's security interest. Borrower shall also be in default if
<br /> �� «"�"�'""'a� Borrower,during the loan application process,gave materially fel�e or innccurnte infurma[ion or statements to Lender(or faifed
<br /> 5�'�4�";,'�"ti``;;-±.ti to provide I.ender with any tnaterfal information)in connection wilh the loan evidenced by the Note, including,bul not limited
<br /> .,'`.'���:�i��;"' to.�epresentetions concerning Borrower's occupancy of the Praperty as a principal rebidence. IP this Security Instrumont is on a
<br /> ;,:,t nr�::".,�;.
<br /> =� ����,.,������` leasehold. Borrower shull camply with all �he provisioos of the Ir.ase. If &�rrou�er ucquires f'ee tidp �o thc Property, tha =
<br />_ s � �-'..� r �...• Ieasehold and the fee tiUe shall not mergc unless Lender ugrees to the merger in writing.
<br /> ' j'''�° ��' 7.Protection ot Lender's Rights in the Property.lf Borrowcr fAilx to perfarm�he covenants und ugrecments contnined in
<br />� �� 'f�• �,�, this Seturity Instrument. or ttusre is u Icgal praceeding that may significantly Affect Lender's rights in the Property(such as a
<br /> _ ����� proceeding in bunkruptcy,prc�bate, for condemnation or forfeiture or to enforce luws or regulrtions►, then I.ender may do and --
<br />'- 1s ij � �'r, pay f�r whatever is necessary to protect the vAlue of the Propeny and Lender's rights in the Pmperty. Lender's actions may -
<br /> �, ,�y +{,. .• include paying any sums secured by a lien which has priority over this Securiry lnstrument, appeuring in court, paying
<br />.. „�a(',F�• ` —.
<br /> t7 ' - rcasonable attomeys' fces and emering on the Propeny to mukc repairs. Although I.ender msiy mke action under this paragraph
<br /> . -,,---";.:.:,.#. 7.L,cndcr da.�r,os l:s:��t^�^so.
<br /> � �"'��"`!ti���'� '� `'• Any amountF disbursod by Lender w�der this paragtaph 7 shall bernmc additionAl debt of Bornnwer secured by this „-
<br /> . ���'�'-�'hf�` �"Y`°' Secu�ity lnslrument. Unless&>rrower and Lender agree to ather�crms of payment, these umiwnts shull bear intetest from the �A�
<br /> s,�;,,,;r ,. date of disburaement at thv N�xe rute and shull be puyuble, with interest, upan noticc from l.ender to Borrower rcquesting
<br /> �.�� „ ;
<br /> �,,:..,». . . '.'.`J payment.
<br />_-t '•. �';,�;; S.Mortgage Insurance. If Lender rcyuired monguge insurance us u ruiuiitiun ol'making the loan secureci by this Security
<br /> •..:;=.�.c�. ..,. —
<br /> . �.�•��. •�'��t Instrument, Borrower shall puy �hc prcmiums rcquired to maintuin the mortgagc intiurnrKC in effert. If, for any rcason, the �;♦::
<br /> _ '�;�9,�; '. `•;�,;` martgage insurance rnv�rage reyuired by Lender lupxs or ceuses tu tx in cffect. B��rrower,hall puy the premiums required to =
<br /> ,.,,�a.0 .. ;
<br /> - H,.,�:rr•- , :�;,ti� obtain mvernge substantially equivalent to thc moriguge insurance previou�ly in effi.tit.ut a cost .ubstantially eyuivulent W the =
<br />: . � � • . cost to Burnower of thc mortgage insuronce previ�iusly in effect, From an altcrnute nwhgugc insurer approveJ hy I,ender. lf _"'--
<br /> �:;::: F.
<br /> - •� � , substantielly equivulent mongage insurancc rovrrugc is�r►t arrilablc, Borc��wcr shall pay�t�► Lcndrr eurh month u sum rqual to
<br /> �.' �' ' one-twelRh of the yeurly mnngage inwrumc prcmium bring paiJ by Bonou•cr when the insurunrc rovcrugc lup,ed or rcu�cd to �
<br /> ;; �;�s• , be in effect.L.ender will accept,usc�nd r�win these puyments as u losx reserve in lieu uf mangaKe inwn�nce. Laxs rrserve �=�
<br /> ,.
<br /> ' ' . �� ' Form 3028 9l90 "��
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